With everything negative that happened in 2020, it might come as a shock that markets performed so well. When I wrote my Q1, 2020 Market Summary – only 9 months ago – stocks and global real estate were down for the year anywhere from 21% - 29%. Markets go up and markets go down, but it’s important to remember major stock markets go down for a short time, while they ultimately go up forever. When they do go down, we need to be ready buy good companies on sale, and that’s what we did in March of 2020.
Hopefully, we don’t go through another global pandemic, but we do know we will go through another market downturn (it will probably be sharp…but we know it will be temporary). When that happens, we’ll be prepared; we’ll be more relaxed cause we’ve seen it before, we’ll capitalize on it and our resolve will be rewarded once again. We don’t know when it will happen, but when it does, we’ll be ready.